Invictus Growth Partners, a private equity firm focused on investing in cloud software, cybersecurity, and fintech companies, announced the successful closure of its second fund with $574 million in commitments.
Closing the Second Fund
Fund II achieved strong capital commitments of $574 million, significantly exceeding its initial target of $350 million and the hard cap of $450 million. According to John DeLoche, co-founder of the firm, the support from existing and new investors was crucial for a successful fundraising despite challenging conditions.
Invictus Investment Strategy
Invictus Growth Partners targets companies with at least $10 million of annual recurring revenue that are either bootstrapped or are close to profitability. The firm has completed 12 platform investments and add-on acquisitions across its focus areas of cloud software, cybersecurity, and fintech.
Innovative Platform DIANE
The DIANE platform, developed in-house, utilizes machine learning to enhance sales efficiency for portfolio companies. About 90% of completed investments were sourced through this platform, which provides access to new business opportunities and aids companies in scaling.
The closure of Fund II highlights the growing investor interest in cloud technology, cybersecurity, and fintech, while emphasizing the importance of technological innovation in supporting portfolio company growth.
